InterGlobe Aviation Limited — Interim / Quarterly Report 2023

Aug 3, 2022

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August 03, 2022 IGAL/SECT/08-22/04

To To National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, C - 1, Block G BSE Limited Bandra Kurla Complex Phiroze Jeejeebhoy Towers Bandra - (E) Dalal Street Mumbai - 400 051 Mumbai - 400 001 Symbol: INDIGO Scrip Code: 539448 Dear Sir / Madam,

Re : Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations“)

In compliance with Regulation 30 and other applicable regulations of the SEBI LODR Regulations, please find enclosed a copy of the presentation on the unaudited financial results of the Company for the quarter ended June 30, 2022, to be made to Analysts and Institutional Investors.

This is for your information and record.

Thanking you,

For InterGlobe Aviation Limited

SANJAY Digitally signed by SANJAY GUPTA GUPTA Date: 2022.08.03 15:31:17 +05'30' Sanjay Gupta Company Secretary and Chief Compliance Officer

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InterGlobe Aviation Limited Registered Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi – 110 001, India. M +91 9650098905, F + 91 11 43513200 Email: corporate@goindigo.in Corporate Office: Level1, Tower C, Global Business Park, M G Road, Gurgaon - 122 002, Haryana, India. T +91 124 435 2500. F + 91 124 406 8536 CIN no.: L62100DL2004PLC129768

Earnings Presentation Q1 FY23 Apr – Jun 2022

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August 03, 2022

Safe harbor

This document may contain some statements on the Company’s business or financials which be construed as forward The actual results may looking. may be materially different from these forward-looking statements. This document forms part of the quarterly earnings release and should be viewed together with the Earnings Press Release

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IndiGo – Network presence

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Q1FY23 (Change vs Q1FY22)
ASKs 27.5 bn +145.0%
RPKs 21.9 bn +232.1%
Closing Aircraft 281 +1.4%
Domestic Destinations 73 +10.6%+12.3%
International Destinations 20 NA
Katmandu
Dhaka
Existing domestic stations
Metros
International destinations at 30 [th] June 2022
Other International destinations (Pre-covid)
At 30th June 2021 international scheduled services were suspended by the Government
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QUARTERLY HIGHLIGHTS – Q1FY23 vs Q1FY22

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Financial summary

Particulars (in INR million)	Quarter Ended	Quarter Ended	Quarter Ended
	~~Jn~~’~~22~~	~~Jn~~’~~21~~	Favorable / (Adverse)
	~~u~~	~~u~~
ASK(billion)	27.5	11.2	145.0%
Total income	130,188	31,703	310.7%
RASK*(INR)	4.69	2.73	72.2%
Total expenses	140,831	63,444	(122.0%)
CASK*(INR)	5.08	5.55	8.5%
CASK ex fuel*(INR)	2.90	4.47	35.1%
EBITDAR	7,169	(13,602)	152.7%
EBITDAR Margin	5.6%	(45.2%)	50.8pts
PBT	(10,642)	(31,742)	66.5%
PBT Margin	(8.3%)	(105.6%)	97.3pts
PAT	(10,643)	(31,742)	66.5%
PAT Margin	(8.3%)	(105.6%)	97.3pts

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*Net of finance income of INR 1,105 million and INR 1,110 million for quarter ended Jun’22 and Jun’21 respectively

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Revenue breakup

Particulars(in INR million)	Quarter Ended	Quarter Ended	Quarter Ended
	~~’~~	~~’~~	Favorable / (Adverse)
	~~Jun22~~	~~Jun21~~
Revenue from operations	128,553	30,069	327.5%
Other income	1,635	1,633	0.1%
Total income	130,188	31,703	310.7%
ASK (billion)	27.5	11.2	145.0%
RPK (billion)	21.9	6.6	232.1%
Load factor (%)	79.6%	58.7%	20.9 pts
Yield (INR)	5.24	3.48	50.3%
RASK* (INR)	4.69	2.73	72.2%

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• Net of finance income of INR 1,105 million and INR 1,110 million for quarter ended Jun’22 and Jun’21 respectively Note : The above operational metrics includes non-scheduled operations.

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Cost breaku p

Particulars (in INR million)	Quarter Ended	Quarter Ended	Quarter Ended
	Jun’22	Jun’21	Favorable / (Adverse)
		~~1~~2,159	(392.6%)
~~Aircraft fuel expenses~~	~~59,901~~
Aircraft and engine rentals(net)	653	523	(24.9%)
Supplementary rentals and aircraft repair and maintenance(net)	18,853	11,064	(70.4%)
Airport fees and charges	8,514	3,719	(128.9%)
Purchase of stock in trade	726	75	(870.9%)
Changes in inventories of stock in trade	(11)	10	216.2%
Employee costs	10,583	8,768	(20.7%)
Finance costs	6,566	5,555	(18.2%)
Depreciation and amortization expenses	11,698	13,173	11.2%
Foreign exchange(gain)/ loss(net)	14,246	3,673	(287.9%)
Other expenses	9,103	4,725	(92.6%)
Total expenses	140,831	63,444	(122.0%)
CASK*(INR)	5.08	5.55	8.5%
CASK ex fuel*(INR)	2.90	4.47	35.1%
CASK ex fuel ex forex*(INR)	2.38	4.14	42.4%
Exchange Rate(US$/INR)**	78.92	74.39	(6.1%)
Fuel Price(INR / Litre)^	123.37	63.10	(95.5%)

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• Net of finance income of INR 1,105 million and INR 1,110 million for quarter ended Jun’22 and Jun’21 respectively ** Closing Exchange Rate for the quarter

^ Average fuel price announced by IOCL for domestic airlines for the 4 metros – Delhi, Mumbai, Kolkata and Chennai

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Cash and Debt

Particulars (in INR million)		Quarter Ended	Quarter Ended	Quarter Ended	Quarter Ended	Quarter Ended
	Jun’22	Jun’21	Favorable / ~~Ad~~	Jun’22	Mar’22	Favorable / (Adverse)
			~~(verse)~~
Free Cash	83,037	56,207	47.7%	83,037	77,632	7.0%
Restricted Cash	107,657	114,472	(6.0%)	107,657	104,644	2.9%
Total Cash	190,694	170,679	11.7%	190,694	182,275	4.6%
Debt excluding capitalized operating lease liability	48,036	57,566	16.6%	48,036	52,122	7.8%
Capitalized operating lease liability	344,740	259,335	(32.9%)	344,740	316,656	(8.9%)
Total Debt	392,776	316,901	(23.9%)	392,776	368,778	(6.5%)

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Financial highlights for the quarter

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Total revenue (INR mn) Total expenses (INR mn)
130,188 140,831
97,869
82,775
63,444
39,864
31,703
11,438
Q1FY20 Q1FY21 Q1FY22 Q1FY23 Q1FY20 Q1FY21 Q1FY22 Q1FY23
EBITDAR (INR mn) PAT (INR mn)
27,785 12,031
7,169
(10,643)
(14,212) (13,602)
(28,443)
(31,742)
Q1FY20 Q1FY21 Q1FY22 Q1FY23 Q1FY20 Q1FY21 Q1FY22 Q1FY23
INR mn INR mn
INR mn INR mn
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APPENDIX

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Fleet Breakup

30[th] Jun, 2022

281

31[st] Mar, 2022 275

31[st] Dec, 2021 283

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• 14 Owned/ Finance Lease • 14 Owned/ Finance Lease • 14 Owned/ Finance Lease
• • •
267 Operating Lease 261 Operating Lease 269 Operating Lease
• • •
146 A320neo 143 A320neo 140 A320neo
• • •
35 A320ceo 41 A320ceo 56 A320ceo
• • •
65 A321neo 56 A321neo 52 A321neo
• • •
35 ATR 35 ATR 35 ATR
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Non-IndAS measures- RASK

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Particulars (in INR million)	Quarter Ended	Quarter Ended
	Jun’22	Jun’21
Total revenue	130,188	31,703
Finance income	1,105	1,110
Total revenue less finance income (A)	129,083	30,593
ASK (millions) (B)	27,507	11,226
RASK (INR) (C=A/B)	4.69	2.73

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- - Non IndAS measures CASK

	Quarter Ended	Quarter Ended
Particulars (in INR million) Total expenses
	Jun’22	Jun’21
	140,831	63,444
Finance income	1,105	1,110
Total expense less finance income (A)	139,726	62,335
ASK (millions) (B)	27,507	11,226
CASK (INR) (C=A/B)	5.08	5.55
Fuel cost/ ASK (INR) (D)	2.18	1.08
CASK ex fuel (INR) (E=C-D)	2.90	4.47
Forex cost/ ASK (INR) (F)	0.52	0.33
CASK ex fuel ex forex (INR) (G=E-F)	2.38	4.14

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Non-IndAS measures- EBITDAR

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	~~Quarter Ended~~	~~Quarter Ended~~
Particulars (in INR million)
	Jun’22	Jun’21
PBT	(10,642)	(31,742)
Finance cost	6,566	5,555
Less: Finance income	1,105	1,110
Depreciation & amortization	11,698	13,173
Aircraft and engine rental	653	523
EBITDAR (A)	7,169	(13,602)
Revenue from Operations (B)	128,553	30,069
EBITDAR Margin (C=A/B)	5.6%	(45.2%)

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Definitions and Abbreviations

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Term	Description
ASK	Available Seat Kilometer
CASK	Total Cost net of finance income per Available Seat Kilometer
CASK ex fuel	Total Cost excluding fuel cost net of finance income per Available Seat Kilometer
CASK ex fuel ex forex	Total Cost excluding forex and fuel cost net of finance income per Available Seat Kilometer
Load Factor	Revenue Passenger Kilometer / Available Seat Kilometer
EBITDAR	Earnings before finance income and cost, tax, depreciation, amortization and aircraft, and engine rental
EBITDAR margin	EBITDAR / Revenue from Operations
OTP	On Time Performance
RASK	Total Revenue net of finance income per Available Seat Kilometer
RPK	Revenue Passenger Kilometer
Yield	Passenger Ticket Revenue / Revenue Passenger Kilometer

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THANK YOU!

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